Cisco Systems Inc (CSCO): Today's Featured Computer Hardware Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Cisco Systems ( CSCO) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Cisco Systems fell $0.28 (-1.2%) to $22.56 on average volume. Throughout the day, 36,737,394 shares of Cisco Systems exchanged hands as compared to its average daily volume of 46,222,200 shares. The stock ranged in price between $22.46-$22.85 after having opened the day at $22.69 as compared to the previous trading day's close of $22.84. Other companies within the Computer Hardware industry that declined today were: SMART Technologies ( SMT), down 7.3%, Imation Corporation ( IMN), down 5.5%, China TechFaith Wireless Comm Tech ( CNTF), down 4.7% and Super Micro Computer ( SMCI), down 4.3%.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) and other products related to the communications and information technology industry worldwide. Cisco Systems has a market cap of $122.1 billion and is part of the technology sector. The company has a P/E ratio of 12.4, below the S&P 500 P/E ratio of 17.7. Shares are up 1.8% year to date as of the close of trading on Wednesday. Currently there are 18 analysts that rate Cisco Systems a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Silicom ( SILC), up 29.6%, Logitech International S.A ( LOGI), up 22.8%, Fusion-io ( FIO), up 13.6% and Crossroads Systems ( CRDS), up 6.6%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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